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Olivia Del Carmen

Update on Olivia Del Carmen

Olivia, at 47 years of age, continues with her grocery business which she has already been managing for 14 years and investing in the same to contribute to the wellbeing of her children who have been her overriding objective. Her husband who is a carpenter helps her with the home expenses. She approached Afodenic, being a gate to development for her business, which welcomed her with great affection and has granted her the priveledge to be the subject of a loan. With this, her fifth loan, she proposes to buy products for her business that help her inventory grow each day and be more desirable to her customers, making purchases of basic grains in quintals of rice, beans, sugar, maize, flour, oil, bottled products like soda, juice, refreshments and some cosmetics. All of this with the objective of being able to maintain her customers by offering a variety of products, being those of greatest consumption in our daily lives.
View original language description ↓
Olivia a sus 47 años de edad continua con su negocio de pulperia que ya hace catorce años lo ha venido dirigiendo e invirtiendo en el mismo para contribuir al bienestar de los suyos que ha sido su primordial objetivo. Su esposo quien es carpintero le ayuda con los gastos del hogar. Siendo Afodenic una puerta al desarrollo para su negocio acude una vez mas a la institucion que con gran afecto la acogio y le ha otorgado el privilegio de ser sujeta de credito. Con este su quinto ciclo de credito se propone comprar productos para su negocio que ayuden a que su inventario cada dia crezca y sea mas apetecido por su clientela realizando asi las compras de granos basicos en quintal de arroz, frijoles, azucar, maiz, harina, bidon de aceite, productos embotellados como lo es la gaseosa, jugos, refrescos y algunos cosmeticos todo esto con el objetivo de poder mantener su clientela al ofertar una variedad de productos, siendo los de mayor consumo en nuestro diario vivir.

Previous Loan Details

Olivia has her own business, a general store, that she has run for 12 years. She has been investing her earnings and loans from Afodenic in this store through 4 loan cycles. Olivia has the help of her husband who works as a carpenter, plus the help of her 2 sons who help in sales. With this ne... More from Olivia Del Carmen's previous loan »

Additional Information


This loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.

Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more information.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $4,800
    Average annual income
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,558,975
    Funds lent in using Kiva
  • 23.3
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Olivia Del Carmen to purchase various products for her grocery store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
May 10, 2012
May 20, 2012
Currency Exchange Loss:
Apr 18, 2013